Recent catastrophe risk trends
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Hurricanes - PowerPoint PPT Presentation


Hurricanes, Earthquakes, Wind, Rain, Catastrophe Risk Trends in reinsurance, insurance and finance.

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Hurricanes

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Presentation Transcript


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Recent Catastrophe Risk Trends

Presentation by

Claude Penland, Associate of the Casualty Actuarial Society

www.ClaudePenland.com


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Trends We’ll Cover

  • Government

  • Investment

  • Insurance Linked Securities Issuance

  • Regulation

  • Partnerships

  • New and Updated Models

  • Wrap Up


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Governments looking at Catastrophe Risk

  • Brazil creates Cat Fund http://bit.ly/aFFSlj

  • India may be considering catastrophe bonds http://bit.ly/hNeDZn

  • Ethiopia installing more weather stations http://bit.ly/aZ0tts

  • China http://bit.ly/bWMpdF

  • Crop insurance in China http://bit.ly/9sLxIG

  • Public Sector Catastrophe Risk Management http://bit.ly/dF8WgV


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Governments, continued

  • NY cat pool thoughts http://bit.ly/aIOGO5

  • CA tsunami risk http://bit.ly/bnxFG7

  • CA gas line risk http://bit.ly/9uvlVb

  • Mozambique weather risk mgmt http://bit.ly/b2oF6h

  • Asia underinsured for cat risk http://bit.ly/acfatP


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Catastrophe Risk as an Investment Vehicle

  • Cayman Islands leading issuer http://bit.ly/bWdr3C

  • Atropos has a new European ILS Fund http://bit.ly/fnY5cc

  • Catco Investment Mgmt formed http://bit.ly/aq5mbH

  • Horton Point ILS Fund http://bit.ly/9oLT0z

  • Secquaero Advisors, ILS inv mgr, enters Australia http://bit.ly/9dh535

  • Cat Finance emerging discipline http://bit.ly/eM9W7E

  • Hurricane Land Risk Options http://bit.ly/9at9i2

  • Growing in Middle East http://bit.ly/9WgHFR

  • May grow in Canada http://bit.ly/aN5ikA

  • Growing Worldwide http://bit.ly/bnX8jk

  • Mere thunderstorms now considered in cat bonds http://bit.ly/cia9du


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What should be considered when issuing ILS?

  • Identify risk concentrations

  • Quantify the loss

  • Design structure

  • Engage a placement agent or investment banker

  • Engage a risk modeling firm

  • Decide on loss denomination

  • Choose investment vehicle location

  • Review

  • Execute http://bit.ly/9xpJva


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New Cat Risk Underwriters

  • Liberty Syndicates http://bit.ly/aA5Fjm

  • Indian Weather Risk Management market expected to rapidly grow http://bit.ly/dnmGDN


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Catastrophe Risk considered in Solvency II regulations

  • Solv II expects insurers to be prepared for a $50 Billion cat http://bit.ly/9UENg2

  • Aon Benfield says II doesn’t acknowledge gains in measurement http://bit.ly/9Dbgt3

  • Mega Broker says Solvency II could actually be catastrophic for the European insurance industry http://bit.ly/cHHoGz


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New Cat Partnerships

  • Institute of Cat Risk Mgmt, Nanyang Tech in Singapore and Aon Benfield have a research partnership http://bit.ly/aiUxrF

  • Global Earthquake Model and OpenGEO partnership http://bit.ly/d6Gsuc

  • Data sharing considered http://bit.ly/akF09x


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New or Updated Models

  • Latin American Flood http://bit.ly/92PpLU

  • Asian Risk Model http://bit.ly/9uZAAe

  • Asian Typhoon Model http://bit.ly/9aJPWd

  • European Cyclone http://bit.ly/ce93PF

  • European Wind Risk Model http://bit.ly/a8b8Ea

  • Earthquake hot spots http://bit.ly/bdvhzW

  • Largest US earthquake simulator planned http://bit.ly/9tKpB1

  • UK sea level risk http://bit.ly/dCU4Yx

  • US pandemic risk http://bit.ly/aRYBJJ

  • Philippines http://bit.ly/9zxsBP


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Additional Catastrophe Risk Background

  • An introduction to Volcanoes and Earthquakes http://bit.ly/gOAlDF

  • Academic Weather Risk papers http://bit.ly/eLbR9g

  • Cat Modeling tech http://bit.ly/br1UOL

  • Amateur hurricane tracking http://bit.ly/9Ob4P6


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Final Thoughts

  • US Government could hurt the ILS market with calls for increased regulation and documentation http://bit.ly/9wi8Tr

  • Should you hire an in-house meteorologist? http://bit.ly/cofvM3

  • CatRisky.com covers daily catastrophe risk news and trends

  • Thank you!


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